Fragbite Files For Bankruptcy For Fall Damage Studio

0
Fragbite Files For Bankruptcy For Fall Damage Studio

Fragbite Group, a Swedish-based corporation, has filed for bankruptcy for its development studio Fall Damage. The $3.63 million filing comes months after Fragbite acquired Fall Damage in October 2023 for $1.86 million.

The reasoning for the bankruptcy, Fragbite says, is due to not being able to find a publisher for Fall Damage’s 4v4 shooter Alara Prime. The game was set to be free-to-play and release in 2024.

“Since the fall of 2023, Fall Damage has had multiple dialogues with potential partners regarding the publishing of the game ALARA Prime,” Fragbite said. “This process has been extensive, involving many counterparts, and despite receiving very positive feedback on the game’s quality and potential, the subsidiary has not yet been able to fully complete it within the necessary timeframe. 

“This has led to an unsustainable financial situation.”

There has been no mention as if there will be any layoffs because of the declaration. However, Fragbite says that it and its other subsidiaries will continue business as usual. Development of Alara Prime will also continue and is “on schedule”.

Lastly, discussions about finding a publisher for the game remain ongoing.

Fall Damage was formed in 2017 by former DICE developers Markus Nyström, Dan Vaderlind, Mikael Kalms, and Anders Gyllenberg.


What do you think of the Fragbite declaring bankruptcy for Fall Damage? For more Flizzyy, check out what 12 games are set to leave PlayStation Plus in June, and don’t forget to subscribe to the Flizzyy Newsletter.